Kosmos Energy Provides Update on Maritime Boundary Arbitration Between Ghana and Côte d’Ivoire

DALLAS–(BUSINESS WIRE)–Kosmos Energy (NYSE:KOS) announced today that the Special Chamber of the
International Tribunal of the Law of the Sea (ITLOS) has issued its
final decision in the maritime boundary dispute between the Governments
of Ghana and Côte d’Ivoire. The maritime boundary delimited by the
Special Chamber’s decision has no impact on the TEN field’s production
or reserves or otherwise on the company’s interests in Ghana. The TEN
partnership expects to resume TEN development drilling around the end of
the year to ramp up production with additional wells to the FPSO
capacity of 80,000 barrels of oil per day.

About Kosmos Energy

Kosmos is a leading independent oil and gas exploration and production
company focused on frontier and emerging areas along the Atlantic
Margin. Our assets include existing production and development projects
offshore Ghana, large discoveries offshore Mauritania and Senegal, as
well as exploration licenses with significant hydrocarbon potential
offshore Suriname, Sao Tome and Principe, Morocco and Western Sahara. As
an ethical and transparent company, Kosmos is committed to doing things
the right way. The Company’s Business
Principles
 articulate our commitment to transparency, ethics, human
rights, safety and the environment. Read more about this commitment in
the Kosmos 2016
Corporate Responsibility Report
. Kosmos is listed on the New York
Stock Exchange and the London Stock Exchange, and is traded under the
ticker symbol KOS. For additional information, visit www.kosmosenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that Kosmos expects, believes
or anticipates will or may occur in the future are forward-looking
statements. Kosmos’ estimates and forward-looking statements are mainly
based on its current expectations and estimates of future events and
trends, which affect or may affect its businesses and operations.
Although Kosmos believes that these estimates and forward-looking
statements are based upon reasonable assumptions, they are subject to
several risks and uncertainties and are made in light of information
currently available to Kosmos. When used in this press release, the
words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or
other similar words are intended to identify forward-looking statements.
Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of Kosmos, which may
cause actual results to differ materially from those implied or
expressed by the forward-looking statements. Further information on such
assumptions, risks and uncertainties is available in Kosmos’ Securities
and Exchange Commission (“SEC”) filings.
Kosmos undertakes no
obligation and does not intend to update or correct these
forward-looking statements to reflect events or circumstances occurring
after the date of this press release, except as required by applicable
law. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. All forward-looking statements are qualified in their
entirety by this cautionary statement.

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